Horizon Investment Services LLC Purchases Shares of 7,708 Sterling Infrastructure, Inc. $STRL

Horizon Investment Services LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,708 shares of the construction company’s stock, valued at approximately $6,470,000. Sterling Infrastructure accounts for about 1.8% of Horizon Investment Services LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of STRL. Kemnay Advisory Services Inc. bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth $31,000. EverSource Wealth Advisors LLC raised its holdings in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after acquiring an additional 27 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after acquiring an additional 80 shares during the period. Rakuten Securities Inc. lifted its position in Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after acquiring an additional 139 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Sterling Infrastructure by 316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

Shares of STRL opened at $576.48 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50-day simple moving average of $704.54 and a 200-day simple moving average of $592.66. Sterling Infrastructure, Inc. has a 52 week low of $263.45 and a 52 week high of $1,005.68. The firm has a market capitalization of $17.63 billion, a P/E ratio of 41.56, a P/E/G ratio of 2.01 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STRL. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday. KeyCorp decreased their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Oppenheimer started coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. Finally, Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $657.00.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.